Anne Frank’s death was tragic, but she was only one of six million Jews murdered by the Nazi regime. The Jewish population in each European country was decimated in a different way. Here are some…
This got another note last night, randomly, which reminded me that
A) I wrote this list
B) I’m very proud of this list
C) Many of you followed me after Yom Hashoah, so you may have missed it.
D) It may be of interest to you as well!
Over 13,000 Parisian Jews were rounded up by French security forces in July of 1942. They were first sent to the Vel d’Hiv in southwest Paris and soon thereafter transported to the Drancy transit camp just outside of Paris, which is where this picture was taken. The Drancy camp was the final stop for French Jews before they were sent to Auschwitz. Most of the Parisian Jews never made it back alive.
Anon is on!
tumblr user discovers there’s no difference between men and women
literally no difference whatsoever
humans all have the same genitalia and chromosomes
the patriarchy crumbles as a new era of world peace is ushered in and they get a nobel prize for their outstanding discovery
Regardless of this outstanding discovery, the human race decides to separate itself into groups based on whether or not they like potatoes
The potatriarchy forms
Investors will be sitting on the edge of their seats Wednesday at 2 p.m. to hear the latest pronouncement from the Federal Reserve’s Open Market Committee. FOMC releases are always highly anticipated, but this one more than most. And the word on everyone’s lips on Wall Street all morning will be “taper”—which has become Fed-speak for reducing the FOMC’s current pace of $85 billion worth of bond purchases per month. The question is: Will the tapering begin this month, or will it be delayed? And if it is delayed, what kind of hint will the FOMC give as to when the tapering will begin?
All the talk is of tapering because that’s what’s been in the press, with well-sourced journalists reporting vaguely but authoritatively that tapering is on the agenda. That’s too bad, because absolutely nothing in the data or the objective state of the economy gives even the slightest hint of support for even a tiny reduction in bond purchases.
If anything, the balance of the evidence suggests that the Fed ought to deliver a smashing uppercut to economic pessimists by announcing an increase in the pace of bond purchases and a determination to keep accelerating asset buying, unless or until inflation materializes.
Here are the key facts. On Tuesday morning, the Bureau of Labor Statistics announced its Consumer Price Index findings for May. They found that prices increased 0.1 percent across the board in May, and 1.4 percent in the 12-month period that ended in May.
For monetary policy purposes, it’s typically more useful to strip out food and energy prices (which are driven by supply conditions rather than the state of demand) and look at the “core” numbers. Here we see a 1.7 percent increase over the past 12 months. That is close to the Federal Reserve’s long-term target level of inflation. Close to it, but below it. You don’t need a Ph.D. to realize that 1.7 is less than 2. And if you think back to the good old days before the financial crisis, this basic math is all you needed to predict Federal Reserve policy. If the inflation rate was less than the Fed’s inflation target, there was no chance of implementing tighter monetary policy. If unemployment was already very low, the Fed might stand pat. But most likely subtarget inflation would be seen as delivering the “good news” that the economy had room to benefit from the extra boost provided by lower interest rates. Conversely, if inflation was rising up above the target level, it was time for higher interest rates.
Ever since 2008 or so, interest rates have been down around zero, and the Fed has resorted to other tools. But nothing about the basic logic has changed.
Do you ever just stop and think how wonderful it is that Kim K never attempted a music career?